Food

We have written a 10-page Update Report on DATA Communications Management(DCM), a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The update report provides highlights of the Company’s recent announcements to acquire RRD Canada and preliminary full-year financial results for 2022 with revenue in the range of $270 million to $274 million, a 15% to 16.5% increase compared with 2021. [more]

Foodtastic announced that it has entered into an agreement to acquire Freshii Inc. (TSX:FRII) . Under the terms of the agreement, Foodtastic will purchase all of Freshii’s shares for $2.30 in cash per share, totaling approximately $74.4 million. This price represents a premium of 148% over Freshii’s 20-day volume-weighted average price per share as of December 16, 2022, and a 142% premium over the closing price on the same date. [more]

Despite all the hype regarding plant-based grocery and fast foods, there are very few publicly trading pure-play companies in the sector. The article highlights 5 pure-play food companies. [more]

The six main constituents were down 26.9% in April and are now down 54.2% YTD. The next four constituents were down 23.3% in April and are now down 47.1% YTD. [more]

The munKNEE Pure-Play Plant-Based Food Stocks Index is down 17.4% so far this month and is now down 45.9% YTD and down 77.5% from its peak in 2021. [more]

We review different companies that compose the industry: the trends, issues, challenges, and their strategies. For this first edition, we will just provide an overview of the key points. Our ultimate goal is to identify companies and products that may have a strategic advantage in competing in this transforming industry.
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Dole, an Ireland-based agricultural company, made its return to NYSE. The IPO marked the completion of Dole and Total Produce merger with the newly formed company, Dole plc, becoming the largest fresh producer in the world. [more]

Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]